Evaluate each of the following questions independently: [A] Referring to Garrett and Schulzke’s sample size table (Appendix A), determine an appropriate sample size for the test of the control relating to authorization of credit memos

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Evaluate each of the following questions independently:

[A] Referring to Garrett and Schulzke’s sample size table (Appendix A), determine an appropriate sample size for the test of the control relating to authorization of credit memos.

[B] Regardless of your answer to question [A], assume that Darrell randomly selected a sample of 75 credit memo packages, each of which contains a credit memo with a matching receiving report and inventory warehouse receipt, and has reviewed all but the last five credit memo packages and found no exceptions. Each credit memo authorizing a customer refund or reduction in the amount owed due to the return of goods should be authorized by Brian Thompson, the accounting supervisor over accounts receivable. You have agreed to help Darrell by examining the remaining five credit memo packages. You will find the last five credit memo packages at www.pearsonhighered.com/beasley. Examine these documents for Brian Thompson’s initials indicating the memos were approved (for this question, just focus on his initials for audit evidence that the control is operating effectively) and then evaluate the test results for the full sample. Provide support for your assessment on the effectiveness of the control based on testing performed.